A new slow-cooked meat concept called Pull'd is set to launch in the City of London later this year, after acquiring its first site in Cannon Street.
Founders Sam Plumptre, Chris Clarke and Charlie Gosselin intend to open up to five sites over the next three years.
They have taken on the remainder of a lease on the Cannon Street site, which is due to expire in 2026, at a passing annual rent of £62,500.
Plumptre and Clarke both work in finance: Plumptre as investment manager for ISIS Equity Partners, and Clarke as an associate director in the corporate finance department of Pricewaterhouse Coopers. Meanwhile, Gosselin , the general manager of the business, is an experienced hospitality operator and is currently running the bakery and patisserie at Whole Foods Market in Kensington.
The deal was negotiated by leisure property specialist Davis Coffer Lyons.
Rob Meadows, leisure property consultant at Davis Coffer Lyons, said the brand would appeal to a wide range of workers and visitors who pass the site daily. "BBQ food is incredibly popular with diners at the moment and it is therefore no surprise that exciting new operators like Pull'd are emerging," he added.